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Great income property. It is an eight multi-family brick building on 41st Street, in Astoria, Queens. The building has been well maintained. Fully Occupied, East and West Exposure, One Block From Steinway Street, the BQE, and GCP. It is situated close to highways, airports, schools, and houses of worship as well as an abundance of restaurants, nightlife, and cultural institutions. You are sure to enjoy low vacancy rates. Perfect for 1031 opportunity. There are 7 rent-stabilized and 1 free market apartment. 7 Units are two-bedroom apartments and one three-bedroom apartment. TOTAL INCOME $180,000. EXPENSES $44,000. NET OPERATING INCOME $136,000. CAP RATE 6.63.Great income property. It is an eight multi-family brick building on 41st Street, in Astoria, Queens. The building has been well maintained. Fully Occupied, East and West Exposure, One Block From Steinway Street, the BQE, and GCP. It is situated close to highways, airports, schools, and houses of worship as well as an abundance of restaurants, nightlife, and cultural institutions. You are sure to enjoy low vacancy rates. Perfect for 1031 opportunity. There are 7 rent-stabilized and 1 free market apartment. 7 Units are two-bedroom apartments and one three-bedroom apartment. TOTAL INCOME $180,000. EXPENSES $44,000. NET OPERATING INCOME $136,000. CAP RATE 6.63. |
